The Department of Justice (DOJ) and Securities and Exchange Commission (SEC) on Thursday announced charges against a dozen individuals across four separate insider trading cases, including an alleged scheme involving the chief compliance officer of an unnamed international payment processing company.
The CCO, Steven Teixeira, pleaded guilty to DOJ charges he obtained material nonpublic information from the laptop of his then-girlfriend, an executive assistant at a New York City investment bank. Between 2021 and 2022, Teixeira shared this information with friends, including stockbroker Jordan Meadow, to generate illegal profits, the DOJ alleged. Meadow provided items of value, including a Rolex, to Teixeira in exchange for the information, per the DOJ.
